The analysis found that someone with a company pension of between £25 and £30k was statistically likely to live almost one and a half years longer than someone with a pension between £10-£15k.
The analysis was based solely on pensions paid by Equiniti; some of the pensioners may have other pension schemes, but the overall trend for people with pensions of between £10k and £30k – is the larger your income in retirement the longer you will live.
Annual Pension at Death (£) Average Age at Death
10k-15k 78.80
15k-20k 79.62
20k-25k 79.76
25k-30k 80.21
Source: Equiniti, analysis of over 610,000 deceased pensioners
Mark Webster, Business Development at Equiniti Pension Solutions, says: “The link between wealth and longevity is well known. However, this analysis shows that income in retirement also has a part to play. While there is obviously a direct correlation between retirement income and lifetime earnings it is also reasonable to conclude that having a higher pension will for many increase their longevity.”